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JOINT VENTURE AGREEMENT

 

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ABOUT JOINT VENTURE AGREEMENT.

 

A joint venture agreement is an arrangement where two companies develop a separate entity to their mutual benefit. It is regarded as sharing of resources, capital, personnel, facilities. Thus a joint venture agreement is entered by a group of individuals/companies to do business mutually by collaborating for a particular project that shall be legally binding. Usually a memorandum of understanding (MOU) is entered before entering into joint venture agreement.